HR 1357 · 106th Congress · Taxation

Retirement and Education Assets Power Act

Introduced 1999-03-25· Sponsored by Rep. Souder, Mark E. [R-IN-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-03-25)

Plain Language Summary

[AI summary unavailable — showing source text] Retirement and Education Assets Power Act - Amends the Internal Revenue Code, with respect to certain deductions from gross income, to increase: (1) from $2,000 to $5,000 the maximum annual contribution to an individual retirement account (IRA); and (2) from $500 to $2,000 the maximum annual contribution to an education IRA.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (18)

5 Democrats13 Republicans
Rep. Frost, Martin [D-TX-24]TX
Rep. Fossella, Vito [R-NY-13]NY
Rep. Emerson, Jo Ann [R-MO-8]MO
Rep. Shows, Ronnie [D-MS-4]MS
Rep. Forbes, Michael P. [R-NY-1]NY
Rep. Paul, Ron [R-TX-14]TX
Rep. Wynn, Albert Russell [D-MD-4]MD
Rep. Hostettler, John N. [R-IN-8]IN
Rep. Nethercutt, George R., Jr. [R-WA-5]WA
Rep. Burr, Richard [R-NC-5]NC
Rep. Miller, Gary G. [R-CA-41]CA
Rep. Weldon, Dave [R-FL-15]FL
Rep. Sessions, Pete [R-TX-5]TX
Rep. Sensenbrenner, F. James, Jr. [R-WI-9]WI
Rep. Tiahrt, Todd [R-KS-4]KS
Rep. McKinney, Cynthia A. [D-GA-4]GA
Rep. Toomey, Patrick J. [R-PA-15]PA
Rep. Fattah, Chaka [D-PA-2]PA